A Tax Indemnity Agreement is a contract between two or more parties which provides protection against losses incurred due to taxes. It is typically used in mergers and acquisitions, where one party (the indemnity) agrees to indemnify the other party (the indemnity) against any tax liabilities resulting from a transaction between them. The indemnity is usually the seller, while the indemnity is usually the buyer. The indemnity agrees to indemnify the indemnity for up to a certain amount or percentage of the transaction value, depending on the terms of the agreement. There are two main types of Tax Indemnity Agreements. The first is a transaction indemnity, where the indemnity agrees to pay any taxes that arise from the transaction. The second is a tax-exempt indemnity, where the indemnity agrees to pay for any taxes that are due to the tax authority due to the transaction, but which the indemnity is exempt from.
Indemnity Meaning
Category:
State:
Multi-State
Control #:
US-C-I-9000-4
Format:
Word;
Rich Text
Instant download
Description Tax Indemnity Agreement
This is a sample Tax Indemnity Agreement. Indemnification, also referred to as indemnity, is an undertaking by one party (the indemnifying party)Â to compensate the other party (the indemnified party) for certain costs and expenses, typically stemming from third-party claims. Tax indemnifications are contractual arrangements established between two parties. Income tax indemnifications can arise from a number of circumstances, including business combinations, spin-offs and IPOs. The form may be customized to suit your needs.
A Tax Indemnity Agreement is a contract between two or more parties which provides protection against losses incurred due to taxes. It is typically used in mergers and acquisitions, where one party (the indemnity) agrees to indemnify the other party (the indemnity) against any tax liabilities resulting from a transaction between them. The indemnity is usually the seller, while the indemnity is usually the buyer. The indemnity agrees to indemnify the indemnity for up to a certain amount or percentage of the transaction value, depending on the terms of the agreement. There are two main types of Tax Indemnity Agreements. The first is a transaction indemnity, where the indemnity agrees to pay any taxes that arise from the transaction. The second is a tax-exempt indemnity, where the indemnity agrees to pay for any taxes that are due to the tax authority due to the transaction, but which the indemnity is exempt from.
Free preview Tax Indemnification Agreement
How to fill out Tax Indemnity Agreement?
1. Begin by entering the name and address of the party who will be indemnified (the "Indemnitee").
2. Next, enter the name and address of the party providing the indemnity (the "Indemnitor").
3. Specify the type of tax liabilities that the Indemnitor will be responsible for indemnifying the Indemnitee against.
4. Include any specific exclusions or limitations to the indemnity agreement, if applicable.
5. Specify the duration of the indemnity agreement and any specific conditions that must be met for the agreement to remain in effect.
6. Both parties must sign and date the agreement to indicate their acceptance of the terms and conditions.
7. It is not possible to fill out this form online on US Legal Forms site without a subscription. However, users can find up-to-date, lawyer-approved, state-specific form templates for a Tax Indemnity Agreement on the site. Users can complete or download these forms in Word, PDF, and RTF formats.
8. To access the form on US Legal Forms, users must register and buy a Basic or Premium subscription on a monthly or annual basis. With a subscription, users can access and download any form on the site for a specified period.
2. Next, enter the name and address of the party providing the indemnity (the "Indemnitor").
3. Specify the type of tax liabilities that the Indemnitor will be responsible for indemnifying the Indemnitee against.
4. Include any specific exclusions or limitations to the indemnity agreement, if applicable.
5. Specify the duration of the indemnity agreement and any specific conditions that must be met for the agreement to remain in effect.
6. Both parties must sign and date the agreement to indicate their acceptance of the terms and conditions.
7. It is not possible to fill out this form online on US Legal Forms site without a subscription. However, users can find up-to-date, lawyer-approved, state-specific form templates for a Tax Indemnity Agreement on the site. Users can complete or download these forms in Word, PDF, and RTF formats.
8. To access the form on US Legal Forms, users must register and buy a Basic or Premium subscription on a monthly or annual basis. With a subscription, users can access and download any form on the site for a specified period.